Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: National Security.

Noront Resources

about 12 years ago

in response to Babjak1's message

Ingrid It's been awhile since we last spoke. It is my understanding that there will be two feasibility studies; one an updated Ni/PGM centric bankable feasibility and the other an initial bankable feasibility study for Cr which would include off -take revenues and infastructures revenue sharing synergies with partner(s). Am I correct in this assumption? It would seem to me that as long as foreign ownership of a strategic metal/resource stays with a minority owner(s)(bao-CHN ) and US in non control positions; and given recent CHN most favoured nation status (same as us)under under nafta , that national security reason would be used to ensure the BOA minority position AND preclude any 100% takeover attempt. What do you think ? Best, Peter